Will a bilateral trade deal between India and the US help against reciprocal tariffs?

Indian exporters are hopeful that ongoing negotiations for a bilateral trade agreement with the US will prevent reciprocal tariffs set to be imposed from April 2. Discussions include a zero for zero tariff strategy, particularly in the textile and apparel sector, with Commerce Minister Piyush Goyal leading talks to boost exports and potentially provide more incentives amidst global uncertainties. The goal is to double bilateral trade to $500 billion by 2030 and negotiate the first phase of the trade agreement by 2025.

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